Island Global Yachting adds new division

Island Global Yachting created a new division to expand its marina management role beyond its current brand structure and to offer its services to other marina owners.

The new marina management division offers a variety of services for marina owners, including operations, marketing, accounting, insurance, design and engineering.

With our new marina management division, we are able to open the availability of IGYs expertise and to assist any owner in realizing their marinas potential, said Jeff Boyd, executive vice president of marina operations for IGY, in a statement.

We are also able to now assist lenders and private equity firms to manage distressed assets which they may have acquired during these recent economic challenges within the capital markets, Boyd added.Fort Lauderdale-based IGY says it is pursuing third-party contracts to manage marinas and/or provide professional services and consultations to nautical property owners and land holders.Click here for the complete release.